New Homes in Houston TX by Long Lake

Applications for Mortgages in the Next 12 Months Increases to Record Highs

As the economy continues to stabilize, more Americans are experiencing improvement in credit application rates and credit rejection rates, including those of mortgages and mortgage refinances, reports the Federal Reserve Bank of New York. According to the Bank’s recent SCE Credit Access Survey, there are now more successful applicants and fewer rejected and discouraged credit seekers. Thirty-four percent of survey …

New Homes in Houston TX by Long Lake

February Shows Increase in New Home Mortgage Applications

Mortgage applications for new home purchases increased by 12 percent relative to the previous month, according to the recently released Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for February 2015. “An increase in mortgage applications to builders in February over strong January numbers bodes well for new home purchases this year,” says Lynn Fisher, MBA’s Vice President of …

New Homes in Houston TX by Long Lake

Mortgage Applications Increase 4.3 Percent

Mortgage applications increased 4.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 11, 2014. The Market Composite Index, a measure of mortgage loan application volume, increased 4.3 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 5 …